Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
US Dollar/Somali Shilling (FOREX:USDSOS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDSOS
The long term trend has been UP since Oct 11th, 2017 at 589.000
The intermediate term trend has been DOWN since Jan 18th, 2018 at 581.195
The short term trend has been DOWN since Jan 18th, 2018 at 580.975
Smart Scan Analysis for USDSOS
Based on a pre-defined weighted trend formula for chart analysis, USDSOS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).